Question: On the basis of the following data, determine the value of the inventory at the lower of cost or market. Apply lower of cost or

On the basis of the following data, determine the value of the inventory at the lower of cost or market. Apply lower of cost or market to each inventory item, as shown in Exhibit9.

Inventory 6,330 1,140 Unit ltem JFW1 SAW9 Unit Market Price $11 34 QuantityCost Price $10 36

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